Progressive Auto refunds $950M to Florida drivers, averaging $300 each, due to lower claims and litigation reforms.

Progressive Auto Insurance will return $950 million to Florida policyholders, averaging $300 per customer, due to strong financial performance and lower-than-expected claims. The refund, part of broader industry trends, reflects the impact of Florida’s 2022–2023 litigation reforms that reduced costs and spurred market growth. Auto insurance rates in Florida are declining by 6.5% on average, while homeowners’ premiums rose just 1% in 2024—the lowest in the nation. Governor Ron DeSantis and Insurance Commissioner Mike Yaworski credit the reforms for these gains and warn against reversing them, emphasizing consumer benefits over special interest influence.